Research On Correlation Between Higher Education Investment, Scientific And Technological Innovation And Economic Growth In Shandong Province Under The Background Of Big Data

Abstract

This paper mainly studies the correlation between higher education investment, scientific and technological innovation and economic growth in Shandong Province under the background of big data. Firstly, the vector autoregressive (VAR) model is constructed, and the ADF unit root test and Johansen co-integration test are carried out to empirically analyze the long-term dynamic equilibrium relationship between higher education investment, scientific and technological innovation and the healthy growth of national economy in Shandong Province. The results show that there is a long-term dynamic and balanced relationship among higher education expenditure investment, human capital investment, scientific and technological innovation and the healthy growth of national economy in Shandong Province. Then according to the analysis results, some suggestions are put forward for the development of higher education construction in Shandong Province. Shandong Province should continue to increase the investment in higher education, strengthen the construction of high-level disciplines in colleges and universities in Shandong Province, transform the investment in higher education into high-level talents and scientific research achievements, and then improve social productivity, so as to promote economic growth.